Trans Tasman Furio Subsidised Aircraft Tracking Aero ... - KiwiFlyer

KiwiFlyer Avsure Insurance Feature
Accident and Incident Reports
are provided courtesy of
Type: Boeing 737 SJE
Location: Wellington
Operation: n/a Injuries: Nil
Date: 26 Jan 2009 POB: 0
Report: During unloading, one of the
ground handling vehicles struck the forward
right lower side of the fuselage, resulting in
a large gash in the aircraft’s skin.
Type: Auster BQL
Location: Omaka
Operation: Private Other Injuries: Nil
Date: 20 Mar 2009 POB: 1
Report: Aircraft aborted takeoff due to
engine running rough and losing power.
Insufficient runway left to pull up. Aircraft
hit the fence at the end of the runway.
Type: Schleicher AS-K-13 GKA
Location: Waipukurau
Operation: Training Dual Injuries: 2
Date: 26 Jan 2008 POB: 2
Report: The glider was on a training
flight and hit power lines on approach,
cartwheeling into the ground. The two
occupants escaped with minor injuries. The
power lines started a fire that burnt the
glider and a nearby car.
Type: Cessna 172RG TAH
Location: Omaka
Operation: Training Solo Injuries: Nil
Date: 27 Jan 2009 POB: 1
Report: The pilot reported that he
inadvertently landed the aircraft with wheels
up. The gear was selected down. Aircraft
suffered minor damage.
Type: Aero Vodochody SSS
Location: North Shore
Operation: Test Injuries: Nil
Date: 1 Feb 2009 POB: 1
Report: Aircraft departed runway during a
high speed run and collapsed the nose gear
after passing through a fence, crossing a
public road and coming to rest on a private
driveway.
Type: Robinson R22 Beta HWJ
Location: Wanaka
Operation: Private Other Injuries: Nil
Date: 13 Feb 2009 POB: 1
Report: It was reported that a load on the
seat next to the pilot shifted, obstructing the
cyclic. The pilot was unable to land properly
and the helicopter rolled over on landing.
Type: Piper PA-28 FRL
Location: Raglan
Operation: Private Other Injuries: Nil
Date: 22 Mar 2009 POB: 3
Report: Pilot had chosen to abort takeoff
but failed to stop before going through a
fence at the end of the runway.
Type: Schweizer 269C HVX
Location: Thames
Operation: Private Other Injuries: 1
Date: 24 Jan 2009 POB: 2
Report: The helicopter collided with the
ground while low flying.
Type: ICP Savannah HJMD
Location: Taieri
Operation: Private Injuries: Nil
Date: 7 Feb 2009 POB: 1
Report: RCCNZ reported that the pilot
overshot the runway after landing with a
slight tail wind, hitting a boundary fence.
Type: North American Harvard MJN
Location: Masterton
Operation: Private Other Injuries: Nil
Date: 18 Jan 2009 POB: 1
Report: The aircraft ground looped after
landing at Masterton and damaged its wing
tip, aileron hinge and OLEO leg.
Type: Piper PA-28 EBW
Location: Kaitorete Spit
Operation: Training Dual Injuries: 1
Date: 29 Jan 2009 POB: 2
Report: The aircraft was carrying out a
training exercise and struck a wire causing it
to hit the ground and a fire resulted.
Note: Accidents and Incidents are sourced from the CAA website and are provided for information only. Accuracy is not guaranteed. Refer CAA website for full briefs.
Insurance
Claims and GST
There is often confusion when it comes to claims
settlements relating to the application of GST. Bill
Beard from Avsure explains as follows:
WHEN considering how GST is applied
to insurance claims, we need to look at the
two scenarios of total loss or repair claims.
Total Loss Claims
In the case of Total Loss, Constructive
or Arranged Total Loss including cash
settlements in lieu of repairs, such
settlements involve a direct supply between
the offshore Insurer and the Insured policy
holder and as such are considered an offshore
financial transaction on which GST is
not payable.
In arriving at the hull agreed value
therefore, a non-GST registered policy
holder should include the GST content in
the agreed value as this will be the amount
needed to replace the aircraft in case of
Total Loss. GST registered policy holders
need to ensure their hull agreed value
excludes the GST content which would
have already been claimed back from IRD.
Sometimes Total Loss settlements
have been incorrectly interpreted as “sales
proceeds”. This is not the case and you
need to make sure your accountant doesn’t
pay back any GST content to the IRD on
receipt of off-shore cash settlements for
aircraft hull claims.
Repair Claims
New Zealand repairers are liable to
charge GST on repairs undertaken in New
Zealand for NZ resident insured persons/
policy holders.
The off-shore Insurers are not GST
registered in NZ and therefore in the case
of the claim settlement of a GST registered
insured entity, the off-shore Insurer will
only pay the net repair costs (less GST)
and less the applicable deductible under
the policy. The policy holder will be
responsible to the repairer for payment of
the deductible and the GST content which
will be recoverable as part of their next
GST return.
In the case of a non-registered GST
policy holder, the GST content of the
repair bill is included in the claim and
paid by the off-shore underwriter less the
deductible and the non-GST registered
policy holder will only need to pay the hull
deductible directly to the repairer.
8 KiwiFlyer Issue 4 April / May 2009 www.kiwiflyer.co.nz
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